Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Distribution

FRANKLIN LIMITED DURATION INCOME TRUST (NYSE American: FTF) today announced a monthly distribution of $0.0615 per share from net investment income payable on September 30, 2024 to shareholders of record on September 19, 2024 (ex-dividend date: September 19, 2024).

The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) under which the Fund will make monthly distributions to shareholders at a fixed rate of $0.0615 per share. The Plan is designed to provide shareholders with consistent distributions each month and is intended to reduce the discount between the market price and the net asset value (“NAV”) of the Fund’s common shares, but there can be no assurance that the Plan will be successful in doing so. The Fund is managed with the objective of generating as much of the distribution as possible from net ordinary income and short-term capital gains consistent with the Fund’s investment strategy and risk profile. To the extent that sufficient distributable income is not available each month, the Fund will distribute long-term capital gains and/or returns of capital in order to maintain its managed distribution rate. A return of capital may occur, for example, when some or all of the money invested in the Fund is returned to shareholders. A return on capital allocation does not necessarily reflect the investment performance of the Fund and should not be confused with “yield” or “income.” Although the Fund may realize capital gains in the current year, such gains may be partially or completely offset by the Fund’s capital losses carried forward from prior years.